Economics Page 2

Asian economic history
Asian economic history
Asian economic history Brief Economic History and Government Policy Korea was one of the poorest countries in world after experiencing two wars. World War II and Korean war (1950 1953). The country even experienced a food shortage so that it had to heavily rely on the foreign aid. Yearly per capita consumption was a mere $88 as late as 1965. However, since 1965, Korea has been transformed from its underdeveloped agricultural economy to a leading Newly Industrializing Country. Between 1965 and 19
Asian economic history
Asian economic history
Asian economic history Brief Economic History and Government Policy Korea was one of the poorest countries in world after experiencing two wars. World War II and Korean war (1950 1953). The country even experienced a food shortage so that it had to heavily rely on the foreign aid. Yearly per capita consumption was a mere $88 as late as 1965. However, since 1965, Korea has been transformed from its underdeveloped agricultural economy to a leading Newly Industrializing Country. Between 1965 and 19
Asian Fall
Asian Fall
Asian Fall East Asian Economy A large economic downturn in East Asia threatens to end its nearly 30-year run of high growth rates. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property values to drop. The crisis was brought on by currency devaluations, bad banking practices high foreign debt, loose government regulation, and corruption. Due to East Asia’s large impact on the world economy, the panic in Thailand, Indonesia, Korea, and ot
Automoblie Industry
Automoblie Industry
Automoblie Industry Mark Geraghty AP Economics Automobile Industry There is no industry more present in the world-wide community than the automobile industry. The automobile has changed the lives, culture, and economy of the people and nations that manufacture and demand them. Ever since the late 1800s when the first “modern” car was invented by Benz and Daimler in Germany, the industry has grown into a billion dollar industry affecting so many aspects of our lives. There are more than 400 milli
Brazil An Economy Recovering From Chaos
Brazil An Economy Recovering From Chaos
Brazil An Economy Recovering From Chaos Brazil earned the reputation of being a “miracle economy” in the late 1960s when double-digit annual growth rates were recorded and the structure of the economy underwent rapid change. Since 1981, however, Brazil’s economic performance has been poor in comparison to its potential. The country’s dramatic reduction in output growth, which averaged an annual GDP growth of only 1.5 percent over 1980-93, reflected its inability to respond to the events of the l
Buddhist Economics
Buddhist Economics
Buddhist Economics Buddhist Economics Most people think that religion and economics don’t mix. So you would think the same in the case with Buddhism and economics. But actually the there is a set of rules that go along with our modern day economics that have their own meanings. Buddhists believe that spiritual health and well being go hand in hand. They use the fundamentals of practical ecnomics and mix it with the values and morals of Buddhism. The Buddhist point of view takes the function of w
Canadas depreciating dollar
Canadas depreciating dollar
Canadas depreciating dollar Scott December 10, 1999 Economics 335 Section 01 Final Paper The Depreciation of the Canadian Dollar Canada has been increasing its prestige as a high-tech, industrial, society since the end of World War II. In many ways it resembles very closely its southern North American cousin, the United States. Some of those similarities are residing in its market-orientated system, pattern of production, and its high standard of living. Most years following the war up to the pr
Chinas Economics
Chinas Economics
Chinas Economics Introduction For various reasons, China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to live in poverty into a wealthy powerhouse to the world economy. With one-fifth of the world¡¦s population, China is now producing 4% of world merchandise and a proportion of global productio
CHINESE ECONOMIC REFORM
CHINESE ECONOMIC REFORM
CHINESE ECONOMIC REFORM Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution, which had had as their base ideologies such as serving the people and maintaining the class struggle. By 1978 Chinese leaders were searching for a solution to serious economic problems
Chinese Economic Refrom
Chinese Economic Refrom
Chinese Economic Refrom Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 Chinese leaders were searching for a solution to serious economic problems
Chinese reform
Chinese reform
chinese reform Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 Chinese leaders were searching for a solution to serious economic problems produced
Classical macro economics
Classical macro economics
classical macro economics CLASSICAL MACROECONOMICS Classical macroeconomics is the theory and the classical model of the economists Adam Smith, David Ricardo, John Mills and Jean Baptiste Say. Below the assumptions of the classical macroeconomics are described. 1. Assumptions: · Competitive markets: Classical theories all make many assumptions about the markets and their competitiveness.these assumptions are that all the markets are easy to enter and exit. No monopoly elements are present in the
Confusion economics
Confusion economics
confusion economics The Chinese Economy, Culture & Society The social values and history have shaped and formed the economical developments and the current environment of business in the People\'s Republic of China. They have determined the patterns for negotiation and the Chinese perceptions of business, and their feelings towards westerners. The implicit and explicit rules that the Chinese society has on the development of businesses, and the economy in general, are very important issues for a
Diminishing returns
Diminishing returns
diminishing returns Law of Diminishing Returns The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns will begin to diminish in the long run. If more fertilizer and better machinery are used on an acre of farmland, the yie
Economic growth
Economic growth
economic growth Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all. Gross domestic produ
Economic Growth in the United States
Economic Growth in the United States
Economic Growth in the United States Economic Growth in the United States Economic growth can be defined as increases in per capita real GDP (gross domestic product) measured by its rate of change per year. Growth rates are very important because even a small change can make vast difference in the coming years. The knowledge of economic growth is also important because it can provide the means to allow us to gain valuable insights. According to Robert D. McTeer, president and chief executive off
Economic Indicators
Economic Indicators
Economic Indicators Principle Economic Indicators The million (or should we say \'billion\' now) dollar question is whether or not the United States\' economy will stay in it\'s record 107 month expansion (according to the index of leading indicators) or come out of the boom and take a downturn into a recession. Nobody, including the Chairman of the Federal Reserve, Alan Greenspan has a crystal ball to provide insight as to what will happen if interest rates are raised, lowered, or left alone. H
ECONOMIC NATURALIST
ECONOMIC NATURALIST
ECONOMIC NATURALIST GRADUATE SCHOOL UNIVERSITI UTARA MALAYSIA MANAGERIAL ECONOMICS (EG 5013) PROJECT PAPER ON ECONOMIC NATURALIST: WHY COMPANY GIVES OUT COMPLIMENTARY CALENDARS? MASTER IN BUSINESS ADMINISTRATION OCTOBER 1999/2000 SESSION PREPARED BY : SUKRI B RADZALI (MATRIX NO. 81420) PREPARED FOR: EN. SHAMSUL BAHRAIN RAWI SCHOOLOF ECONOMICS, UUM DATE: 24TH DEC. 1999 Introduction We always associate the month of December with flood season especially in Kelantan & Terengganu. December also norma
Economic regulations
Economic regulations
economic regulations The U.S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the business cycle to balance the economy. Keynes was more geared toward the bigger picture and focused on macroeconomics. His work led to the government and many economists believi
Economics
Economics
Economics Does greater economic openness between nations lead towards economic growth and convergence? Greater economic openness between nations does lead towards economic growth and convergence. All of the first world countries demonstrate greater economic openness then third world countries demonstrate. Although economic openness may be a solution to gain economic growth and convergence, free trade may not be the answer. There are two different views on free trade; the conservative view and th
Economics of healthcare in the uk
Economics of healthcare in the uk
economics of healthcare in the uk Economics & The Welfare State Essay Healthcare Good health is an important factor to an individual’s welfare. It is an essential prerequisite for the enjoyment of life. For this reason the importance of healthcare to governments is great and vast amounts of resources are allocated to healthcare, for example in the UK healthcare equates for 6% of GNP. Some argue that Healthcare is a social issue rather than economic but the allocation of scarce resources and the
Economics of India
Economics of India
Economics of India Kalpesh P. Patel Dr. Cashel-Cordo Global Economics 271 February 1998 50 Years of Independence ; 5000 Years of History INTRODUCTION The Republic of India possesses tremendous contrasts and enormous ethnic, linguistic and cultural diversity. Since independence in 1947, the Indian civilization has expanded in every facet - from its increasing population to its to its intertwining cultural and social systems. There are over 1600 languages, nearly 400 of them are spoken by more tha
Economics Supply and Demand
Economics Supply and Demand
Economics Supply and Demand Economics, supply and demand In the article we find that teenagers have the oppertunity to be demanding about their salary in the baby sitting field, because the amount of babysitters today are scarce. The babysitting population, teenagers, find themselves busy with school, part time jobs, and extracirricular activity. Teenagers with drivers licenses are even more scarce than those with out, all in all, It\'s hard to find a babysitter. Times have changed, just twenty
Economics
Economics
Economics Does greater economic openness between nations lead towards economic growth and convergence? Greater economic openness between nations does lead towards economic growth and convergence. All of the first world countries demonstrate greater economic openness then third world countries demonstrate. Although economic openness may be a solution to gain economic growth and convergence, free trade may not be the answer. There are two different views on free trade; the conservative view and th
Ethical Economics
Ethical Economics
Ethical Economics Nicholas Grosz Mr. Burke Econ 3/1/00 ETHICAL ECONOMICS? The term ethical and economics should never be put into the same sentance. They are almost oxymoronic in the sense that in order for one to succeed on an economic level, ethics are usually never involved. America as we have come to know it is a world full of mice and snakes. The mice are those in society who voluntarily choose to live off of the prosperous, as the snakes go out and get their prey. The capitalistic society
European Union Competiton Policy
European Union Competiton Policy
European Union Competiton Policy The European Union (EU) has had a direct and profound effect on the economies of member states. The main objective of the EU is to enhance the allocational efficiency of the economies of the member states by removing barriers to the movement of goods, services, and production . The regulation of competition is administered by the EU’s competition policy. The aim of the policy is to create and maintain a system permitting undistorted competition within an economic
Evaluating Inflation
Evaluating Inflation
Evaluating Inflation Evaluating the Bull Market Today it is almost impossible to pick up a financial journal without seeing news on the bull market that some consider to be overvalued. Overvalued or fairly valued, only the future will show the truth. Either way, this market is one that has shown greater run ups and returns, than any other market in history. (Reference Appendix #1a) Recently the Dow Jones Industrial Average has reached historical highs and then receded back to previous levels,
Fall of russian communism
Fall of russian communism
fall of russian communism The Reasons for the fall of Socialism/Communism and the Troubles of Starting the New Democratic System in the Russian Federation Let\'s not talk about Communism. Communism was just an idea, just pie in the sky. Boris Yeltsin (b. 1931), Russian politician, president. Remark during a visit to the U.S. Quoted in: Independent (London, 13 Sept. 1989). The fall of the Communist regime in the Soviet Union was more than a political event. The powerful bond between economics a
Federal Reserve System
Federal Reserve System
Federal Reserve System Saint Leo’s University THE FEDERAL RESERVE SYSTEM Economics Joan Mierzwa June 21, 2000 THE FEDERAL RESERVE SYSTEM CONTENTS I. INTRODUCTION 4 II. Federal Reserve System-Overview 5 III. History of the Federal Reserve Act and Amendments to 8 IV. Structure of the System 9 V. Board of Governors 10 VI. Monetary Policy and Effects of on the Economy 12 VII. Final Thoughts SELECTED BIBLIOGRAPHY n INTRODUCTION Why do a report on the Federal Reserve System? This is a question I went
Future Technology
Future Technology
Future Technology F U T U R E O F T E C H N O L O G Y Dr.Nenno / Economics Research Paper Turkka Hirvonen May 5 2000 People often think that future is all about flying cars, robots and space travelling. Maybe it will be like that, who knows, but at least until this day the changes haven’t been remarkable. Companies are all the time investing more money on research and development. This indicates that companies and government are interested to achieve and find new technological inventions that wo
Government Spending
Government Spending
Government Spending Government Spending & Budget As many Federal departments and agencies lurch into an era of running without funds, the leaders of both parties of Congress are spending less and less time searching for a compromise to balance the budget, and more and more time deciding how to use it to their advantage on the campaign trail. Meanwhile money is easily borrowed to pay for government overhead. In an attempt to change this, on June 29, Congress voted in favor of HConRes67 that calle
Hayeks Contribution to the business cycle
Hayeks Contribution to the business cycle
Hayeks Contribution to the business cycle Friedirch August von Hayek was born in Vienna on May 8, 1899 and died on March 23, 1992, in the city of Freiburg in Breisgan in Germany. Hayek was a central figure in 20th-century economics and he represented the Austrian tradition. After Hayek served military service, he became a student at the University of Vienna where he got his doctorate in law and political science. In 1923-4, Hayek visited New York and then returned to Vienna where he continued hi
Housing Problems and Options for Improvement
Housing Problems and Options for Improvement
Housing Problems and Options for Improvement Everyone needs a house. Rich people poor people; all people are included. This is a problem, because housing costs a great deal of money. Poor people that can barely afford food and clothing also have a difficult time finding affordable housing. As a result, some live in unsafe and unsanitary conditions that are badly in need of repair. As we read in several Los Angeles Times articles, there are many people here in the Valley that live in places like
In Search of Excellence Book Review
In Search of Excellence Book Review
In Search of Excellence Book Review In Search of Excellence is a book dealing with many different principles of economics and what makes big business\' excellent. The first idea that Peters discusses is his chart of the McKinsey 7-S Framework. The graph is very simple but the ideas are fairly complex. In their research, they found that their philosophies were too hard to explain and easily forgettable. They made this Framework to deal with strategy, structure, style, systems, staff (people), ski
Inflation Rates
Inflation Rates
Inflation Rates The price of one currency in terms of another is called the exchange rate. The exchange rate affects the economy in our daily lives because it affects the price of domestically produced goods sold abroad and the cost of foreign goods bought domestically. “Mexicans use pesos, French use francs, Austrians use schillings, and this use of different monies by different countries results in the need to exchange one money for another to facilitate trade between countries”(Husted 315). W
Intel A Corporation
Intel A Corporation
Intel A Corporation A corporation is a business that, although owned by one or more investors, legally has the rights and duties of an individual. Corporations have the right to buy, sell, and own property. Corporations may make legal contracts, hire and fire workers, set prices, and be sued, fined, and taxed. A business must obtain a charter of incorporation from a state legislature or Congress to be legally recognized as a corporation.(Watson, p211) While corporations didn\'t exist until the
International trade
International trade
international trade INTERNATIONAL TRADE (EC549) EDI HOUADRIA ESSAY #1 Subject #2: Does the Leontief paradox invalidate the Heckscher-Ohlin model of trade? Why and how countries trade has always been a difficult and capital question for economists. The Ricardian model explained trade patterns through differences in labour productivity, however international trade can only partially be explained this way. It has also been wildly believed that resource allocation also plays a vital role in how nati
Keynesian vs Supply Side Economics
Keynesian vs Supply Side Economics
Keynesian vs Supply Side Economics Modern Economic Theories Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probabl
Labor Economics and Labor relations
Labor Economics and Labor relations
Labor Economics and Labor relations John Kerrington Economics 330 Reaction Paper #3 Reaction Paper # 3 is based on the Article, “Labor Economics and Labor Relations”, by Loyd Reynolds, Stanley Masters, & Colletta Moser. This article offers a number of economical viewpoints, which although justifiable and scientifically proven, are still subject to debate. The first disagreeable point made by the author’s was their belief that an employee seeks an overall “employment package”, apart from wage, in
Labor Unions1
Labor Unions1
Labor Unions1 Labor Unions A labor union is as defined in the dictionary, an organization of wage earners formed for the purpose of serving the members\' interests with respect to wages and working conditions. Today there are about 16 million workers in the U.S. that belong to a labor union. The pressure upon the employers to raise wages and improve working conditions in a major goal of the labor unions. Labor unions have been around for a long time. The earlier unions were called craft unions,
Laissezfaire1
Laissezfaire1
Laissezfaire1 Concept of the Invisible Hand in a Laissez-faire economy “By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of it.” Adam Smith, Inquiry into the Nature and Causes of the Wealth of Nations 1776. What business
Law of dimihisn returns
Law of dimihisn returns
law of dimihisn returns Law of Diminishing Returns The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns will begin to diminish in the long run. If more fertilizer and better machinery are used on an acre of farmland, the
Lester Thurow lecture
Lester Thurow lecture
Lester Thurow lecture The Economic Game of Our Era: U.S. Dominance Approaching to the 21st century, world economy becomes more and more global. In today’s life, several parts of an item can be made in different countries and unified to produce an output. Realize a laptop whose processor is made in U.S, by Intel, whose screen is coming from Japan, Toshiba, and whose other various parts are coming either from Taiwan or from Korea. Lester C. Thurow, a professor of economics and management at the M.
Lifestyle
Lifestyle
lifestyle Peter Calabrese Economics 101 Dr. Maglione March 22, 2000 How has your life changed since 1991? Have you noticed: an increase of material goods around your house, a new car in your driveway, or a little bit bigger gut due to eating more prime rib and filet mignon. If you have answered yes to any of these questions you are among the millions that have benefited from the economic boom. The economic boom refers to the period of economic expansion that started in March of 1991 and is still
LTCMs Impact on the International Financial System
LTCMs Impact on the International Financial System
LTCMs Impact on the International Financial System LONG TERM CAPITAL MANAGEMENT L.P. – A CASE STUDY Rarely if ever has a single firm had as tremendous an impact on international economics as Long Term Capital Management L. P. (LTCM). This report describes the company itself and its investment strategies, with particular attention paid to its international influence and importance. LTCM’s activities in the financial world ultimately caused a near-collapse in the entire international financial sys
Ludvig Von Mises
Ludvig Von Mises
Ludvig Von Mises Ludwig von Mises: Defender of the Free Market Ludwig von Misis thoughts on human behavior, socialism, and money and credit have had a major impact on economic thought. He championed true free markets and is seen as a defender of liberty. Former President of the United States Ronald Reagan said “Ludwig von Mises was one of the greatest economic thinkers in the history of Western Civilization. Through his seminal works, he rekindled the flames of liberty. As a wise and kindly ment
Macro
Macro
macro CLASSICAL MACROECONOMICS Classical macroeconomics is the theory and the classical model of the economists Adam Smith, David Ricardo, John Mills and Jean Baptiste Say. Below the assumptions of the classical macroeconomics are described. 1. Assumptions: · Competitive markets: Classical theories all make many assumptions about the markets and their competitiveness.these assumptions are that all the markets are easy to enter and exit. No monopoly elements are present in the market to prevent n
Macroeconomic Case Studies
Macroeconomic Case Studies
Macroeconomic Case Studies Economics 001A: Macroeconomics Macroeconomic Case Studies Stephen Rossi Economics 001A: M 6:30-9:15 Slowing the US Economy The article titled \'Fed Unlikely to Alter Course\' by John M. Berry of the Washington Post takes an interesting look at actions that Alan Greenspan his colleges of the Federal Reserve have been taking over the last 9 months to slow the economic growth of United States. The astonishing growth rate of 7.3% is fueled by an economy that is in the mids
Microsoft
Microsoft
microsoft The current Microsoft antitrust case, still in progress as this review is being written, has been both hailed and condemned as the most important antitrust action of the coming century. Its potential significance has been compared to that of the Supreme Court\'s 1911 Standard Oil decision, which not only applied for the first time the trust-busting power latent in the Sherman Antitrust Act of 1890 to break up John D. Rockefeller\'s Standard Oil Company, but of at least equal importance
Milton Friedman and FreeMarket Capitalism
Milton Friedman and FreeMarket Capitalism
Milton Friedman and FreeMarket Capitalism Milton Friedman and Free-Market Capitalism Milton Friedman is known worldwide for his belief in defending free-market capitalism and his faith that it can proficiently and impartially distribute wealth throughout a nation. Most of Friedman’s peers are not able to put that same amount of confidence in the ability of the market as he. Friedman has suspicions of government interference in the business of a nation’s economy. These suspicions are based on his